EURUSD: BULLISH BREAKOUT ON THE WAY?
As our previous EURUSD idea played out perfectly, we're now looking to break our previous target which currently holds up as a resistance zone. The initial attempt to breakthrough was rejected; however, as the wedge keeps on getting tighter and tighter it is clear that the breakout is inevitable. Buying off the trendline might be a move for some traders; however, we prefer to play it safe, so we will be looking for a nice retest first. The breakout should bring a directionality of a few hundred pips, so the good R:R is ensured! We'll mostly keep an eye on this pair for the next week.
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